Why is the Bitcoin Price Down Today (January 20th, 2026)

Bitcoin’s value dropped by 2.6% in the previous 24 hours, reaching a low of round $90,600.

With this, the cryptocurrency has erased all its positive aspects from January 14th and is as soon as once more buying and selling at the ranges we noticed on the twelfth, as proven in the chart under.

The value instability stems largely from increasing worldwide commerce uncertainty, as Donald Trump continues making use of strain relating to Greenland.

Crypto Markets Suffer

First issues first, it’s necessary to notice that Bitcoin is removed from the solely cryptocurrency in the pink in the present day.

In reality, out of the high 100 cash by the use of complete market capitalization, solely a handful are buying and selling in the inexperienced.

Ethereum misplaced 3.5%, XRP is down by nearly 3%, SOL declined by 3.7%, TRX by 3.2%, and so forth. The complete capitalization is at present $3.16 trillion, with a $109 billion every day buying and selling quantity throughout the board, which is comparatively common over the previous 3 months.

The market sentiment has returned to “Fear (32),” indicative of the indecisiveness and uncertainty which have gripped the crypto trade over the previous few months.

But Why?

Well, the previous 24 hours have been eventful in geopolitics, which appears to be having a direct influence on crypto costs. Bitcoin is broadly thought of to be a risk-on asset, and traders don’t appear to be feeling too dangerous proper now. This is additional evidenced by the rising costs of gold. As we reported earlier, gold costs soared to a brand new all-time high above $4,700/oz.

Just yesterday, the POTUS issued an official White House assertion with a threatening tone, suggesting that the US will proceed to try to determine management over Greenland, an autonomous territory inside the Kingdom of Denmark.

“Denmark can not shield the land [read: Greenland] from Russian or China, and why have they got a “proper of possession” anyway? There aren’t any written paperwork, it’s solely {that a} boat landed there a whole bunch of years in the past, however we had boats touchdown there, additionally. […] The World is not safe except we’ve got Complete and Total Control of Greenland.”

China has responded, urging Trump to cease utilizing them as a “pretext to pursue egocentric curiosity,” whereas the POTUS himself confirmed that NATO Secretary General Mark Rutte will likely be assembly with him in Davos.

So, why the uncertainty? Well, Greenland is a part of an official member of the European Union and NATO. The US is downright threatening to take management of the nation, and traders are anxious of the potential implications this might need on worldwide relationships. The US is additionally a part of NATO, however Trump himself has mentioned that he intends to place US pursuits “first,” saying:

“I’ve achieved extra for NATO than another particular person since its founding, and now, NATO ought to do one thing for the United States.”

He actually posted an image of himself planting the US flag in Greenland:

The French president, Emmanuel Macron, has additionally reached out to Trump, and the uncertainty is greater than evident:

“My pal, we’re completely in line on Syria. We can do nice issues on Iran. I don’t perceive what you’re doing on Greenland…” Macron texted.

What’s Next?

The Kobeissi Letter has achieved a step-by-step breakdown of what they suppose will go down, and thus far, it appears to be taking part in out.

According to the analysts, President Trump ought to quickly begin posting that they’re working towards an answer with the leaders of the international locations that had been just lately focused by the tariffs. They consider that there will likely be expedited discussions relating to a commerce deal for Greenland, and as soon as introduced, markets will hit a brand new file high.

They consider that the present tariffs are but to take impact from February 1st, which signifies that:

President Trump’s whole negotiation technique is centered round timing and strain. He gives 2-3 weeks of lead time earlier than his tariffs go into impact to permit for a deal to be reached. Trump’s objective is for these tariffs to NEVER truly go stay, he needs a deal.

Whether or not this involves fruition stays to be seen, but when one factor is sure is that turbulent instances are forward of us, so plan accordingly.

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